IDBI Bank Reports A Net Profit Of Rs. 927 Cr In Q3FY23

Mumbai: IDBI Bank reported a 60% rise in net profit to ₹927cr for the third quarter that ended December 31, 2022.

The Bank had posted a net profit of ₹578 crores in the previous year’s quarter.

IDBI Bank’s Operating Profit stood at ₹2,051 crores, a growth of 16% YoY. The NII stood at ₹2,925 crores, a growth of 23% YoY and 7% QoQ.

CASA to Total Deposit Ratio stood at 54.44%.

IDBI Bank Ltd., today, is operating as a full-service universal bank that serves customers from all segments.

As a bank, IDBI Bank Ltd. touches the lives of millions of Indians through a wide array of banking products and services riding on a cutting-edge core banking information technology platform through its wide network of 1880+ Branches and 3300+ ATMs